General Electric’s decision to sell off most of its financial operations by 2018 to “create a simpler, more valuable industrial company” has been broadly welcomed. But just what does the major shakeup at GE, a 125-year-old conglomerate, mean for the model of financial arms of large corporates?
Under the plan unveiled by GE chief executive Jeff Immelt, the operations of GE Capital will be wheeled back to their original function of only providing credit and services that directly support GE’s core industrial businesses.
